ECHOSTAR CORPORATION Reports 17.0% Decline in Total Revenue for FY2023 Q3
November 29, 2023
🌥️Earnings Overview
At the conclusion of fiscal year 2023 Q3 on September 30, ECHOSTAR CORPORATION ($NASDAQ:SATS) reported a total revenue of USD 413.1 million, which was a 17.0% decrease from the same period in the prior year. Net income for the quarter was USD 3.2 million, showing a decline of 85.5%.
Analysis
GoodWhale analyzed the wellbeing of ECHOSTAR CORPORATION and found it to be strong in asset quality, medium in profitability, and weak in dividend and growth. According to the Star Chart, ECHOSTAR CORPORATION is classified as an ‘elephant’. This type of company is rich in assets after deducting off liabilities. Investors who are looking for a stable company with a high health score may be interested in ECHOSTAR CORPORATION. GoodWhale gives the company a health score of 9/10 with regard to its cashflows and debt. This indicates that ECHOSTAR CORPORATION is capable to pay off debt and fund future operations. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Echostar Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.81k | 92.79 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Echostar Corporation. More…
| Operations | Investing | Financing |
| 487.31 | -301.34 | 0.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Echostar Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.23k | 2.56k | 42.62 |
Key Ratios Snapshot
Some of the financial key ratios for Echostar Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.6% | 12.2% | 10.7% |
| FCF Margin | ROE | ROA |
| 11.6% | 3.4% | 1.9% |
Peers
The company has three main competitors: Gemtek Technology Co Ltd, Edimax Technology Co Ltd, and Teleste Oyj. All three companies provide similar services and products, but each has a different focus. For example, Gemtek Technology Co Ltd focuses on providing equipment for broadband and wireless networks, while Edimax Technology Co Ltd focuses on manufacturing networking equipment. Teleste Oyj, on the other hand, focuses on providing solutions for cable and broadband operators.
– Gemtek Technology Co Ltd ($TWSE:4906)
Gemtek Technology Co Ltd is a Taiwanese company that designs, manufactures and sells a wide range of information and communications technology products. The company has a market cap of 10.26B as of 2022 and a return on equity of 3.01%. Gemtek’s products include routers, switches, wireless access points, set-top boxes, VoIP phones and other networking equipment. The company also provides contract manufacturing services for a number of electronics companies. Gemtek has a strong presence in the Asia-Pacific region and also has operations in Europe and the Americas.
– Edimax Technology Co Ltd ($TWSE:3047)
Edimax Technology Co Ltd is a Taiwanese networking company that specializes in the production of a wide range of networking solutions. The company has a market cap of 3.15 billion as of 2022 and a return on equity of 4.99%. Edimax’s products include routers, switches, IP cameras, print servers, and Wi-Fi adapters. The company has a strong presence in Asia, Europe, and the Americas.
– Teleste Oyj ($LTS:0K1Q)
Teleste Oyj is a Finnish manufacturer of broadband video and data communication systems and equipment for cable and telephone operators and other types of telecommunications providers. The company has a market cap of 63.43M as of 2022 and a Return on Equity of 3.58%. Teleste offers its customers solutions for the efficient deployment and management of high-quality voice, video and data communication services. Its products are used in cable and telephone networks, as well as in public safety and security systems.
Summary
Echostar Corporation experienced a disappointing financial quarter ending on September 30,2023. The company reported total revenue of USD 413.1 million, a 17.0% year-over-year decrease, and net income of USD 3.2 million, which was a 85.5% decrease from the same period the year prior. The stock price reflected this negative performance, and dropped significantly the same day.
Investors should exercise caution when considering Echostar Corporation as a potential investment opportunity, due to the company’s weak financials. They may want to wait and see if the company can make a comeback with better performance in upcoming quarters.
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